42.2% Stake of Reynolds American Inc (NYSE:RAI) Held by British American Tobacco P.L.C.

British American Tobacco P.L.C.

recently stated that they own 42.2% of Reynolds American Inc (NYSE:RAI) in a Schedule 13D/A disclosure that was filed with the Securities and Exchange Commission (SEC) on Wednesday, July 19th. The investor owns 601,368,171 shares of the stock worth about $39,533,943,562. The reporting parties listed on the disclosure included Brown & Williamson Holdings, Inc, BATUS Holdings Inc, Louisville Securities Limited and British American Tobacco plc. The filing is available through Edgar at this hyperlink.

British American Tobacco P.L.C.

provided the following explanation of their ownership:

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A number of other hedge funds and other institutional investors also recently modified their holdings of RAI. Dynamic Advisors Solutions LLC increased its position in shares of Reynolds American by 0.8% in the first quarter. Dynamic Advisors Solutions LLC now owns 6,966 shares of the company’s stock worth $439,000 after buying an additional 54 shares during the last quarter. Gulf International Bank UK Ltd increased its position in shares of Reynolds American by 24.8% in the first quarter. Gulf International Bank UK Ltd now owns 17,606 shares of the company’s stock worth $1,109,000 after buying an additional 3,500 shares during the last quarter. Creative Planning increased its position in shares of Reynolds American by 4.5% in the first quarter. Creative Planning now owns 139,205 shares of the company’s stock worth $8,773,000 after buying an additional 5,972 shares during the last quarter. LifePlan Financial Group Inc increased its position in shares of Reynolds American by 1.7% in the first quarter. LifePlan Financial Group Inc now owns 14,957 shares of the company’s stock worth $943,000 after buying an additional 243 shares during the last quarter. Finally, Chevy Chase Trust Holdings Inc. increased its position in shares of Reynolds American by 3.2% in the first quarter. Chevy Chase Trust Holdings Inc. now owns 717,399 shares of the company’s stock worth $45,211,000 after buying an additional 21,946 shares during the last quarter. 46.26% of the stock is currently owned by institutional investors and hedge funds.

Reynolds American Inc (NYSE RAI) traded up 1.14% during trading on Wednesday, reaching $65.74. 7,902,965 shares of the company’s stock traded hands. Reynolds American Inc has a one year low of $43.38 and a one year high of $67.81. The company has a 50 day moving average of $65.70 and a 200 day moving average of $62.90. The firm has a market cap of $93.79 billion, a price-to-earnings ratio of 28.52 and a beta of 0.41.

Reynolds American (NYSE:RAI) last issued its quarterly earnings results on Wednesday, May 3rd. The company reported $0.56 earnings per share for the quarter, missing the Zacks’ consensus estimate of $0.57 by $0.01. Reynolds American had a return on equity of 15.64% and a net margin of 26.23%. The business had revenue of $2.95 billion for the quarter, compared to analysts’ expectations of $3.03 billion. During the same quarter in the previous year, the firm posted $0.50 EPS. Reynolds American’s revenue was up 1.1% on a year-over-year basis. Equities research analysts predict that Reynolds American Inc will post $2.54 EPS for the current year.

The firm also recently declared a quarterly dividend, which was paid on Monday, July 3rd. Stockholders of record on Monday, June 12th were paid a dividend of $0.51 per share. The ex-dividend date was Thursday, June 8th. This represents a $2.04 dividend on an annualized basis and a dividend yield of 3.10%. Reynolds American’s payout ratio is 88.31%.

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A number of brokerages have issued reports on RAI. Piper Jaffray Companies began coverage on shares of Reynolds American in a research report on Thursday, May 25th. They set a “neutral” rating and a $67.00 price objective on the stock. BidaskClub downgraded shares of Reynolds American from a “buy” rating to a “hold” rating in a research report on Tuesday, June 27th. Jefferies Group LLC set a $60.00 target price on shares of Reynolds American and gave the stock a “hold” rating in a research report on Monday. Vetr raised shares of Reynolds American from a “buy” rating to a “strong-buy” rating and set a $73.00 target price on the stock in a research report on Monday, June 12th. Finally, Zacks Investment Research downgraded shares of Reynolds American from a “hold” rating to a “sell” rating in a research report on Tuesday, May 2nd. Two equities research analysts have rated the stock with a sell rating, ten have issued a hold rating, one has issued a buy rating and one has assigned a strong buy rating to the stock. The company presently has an average rating of “Hold” and an average price target of $59.82.

Reynolds American Company Profile

Reynolds American Inc (RAI) is a holding company. The Company’s segments include RJR Tobacco, which consists of the primary operations of its subsidiary, R. J. Reynolds Tobacco Company; Santa Fe, which consists of the primary operations of its subsidiary, Santa Fe Natural Tobacco Company, Inc, and American Snuff, which consists of the primary operations of its subsidiary, American Snuff Company, LLC.

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